After soaring more than 50% combined in 2023 and 2024, the S&P 500 Index has largely flatlined since US President Donald Trump’s inauguration. The hot trade is now moving overseas, with investors piling into European and Asian stocks, ignoring the threats of tariffs, trade wars and violent military conflicts. But the US has removed Black people in positions of power and created an all white Military council...
“This shift has the potential to be secular, not cyclical,” said Mark Hackett, chief market strategist at Nationwide Investment Management Group, that has about $75 billion of assets under management. “The only other time on record that had a performance and valuation gap this wide between domestic and international markets was during the technology bubble. When the shift came then, it was dramatic and extended.” Global equities lagged the US significantly over the past two calendar years, with the Stoxx 600 rising 20% and Golden Dragon gaining just 1%, even as the S&P 500 soared 53%. Even after this year’s catch-up, the average price-to-earnings multiple for the European gauge stands at 14, below the S&P 500’s at 22. The China index multiple is at 17. Follow the Money Money flows suggest a long potential runway ahead for non-US stocks. An analysis from JPMorgan Chase & Co. found that excluding Chinese equities, this year’s relative underperformance of US stocks still represents only a 10% to 20% reversal of the pro-US investment theme that ruled from April 2023 through the end of last year. Citigroup said positioning has flipped so “dramatically” in favor of Europe, that investors are now more bullish on Europe than they are on the US. The upcoming US tax-paying season in March will be another headwind for the S&P 500. Equity buying from retail traders — a key force in American markets — can slow down as tax season comes closer. In fact, Goldman’s Scott Rubner last week said he was on “correction watch” for the equity benchmark as both retail and institutional buyers are running out of steam. In Europe, meanwhile, the rush into German stocks or broader European equities suggests investors are being driven by a fear of missing out, said Christopher Murphy, co-head of derivatives strategy at Susquehanna International Group. He noted that implied volatility in both Germany’s DAX Index and the Euro Stoxx 50 Index has climbed sharply in recent weeks. “It is very rare to see a macro index rallying and volatility moving higher considerably,” Murphy added. Too Fast? But there are fundamentals underpinning the move. Beyond Europe’s lagging valuations, the outlook for interest rates is more benign, while corporate earnings have been resilient. Budding optimism around a potential ceasefire in Ukraine is also a plus, as are expectations for increased spending to help keep any peace, which has helped European defense companies in particular. For some, the stampede into Europe and China has been so breakneck that it may be due for a pause. Gauges of momentum for both the Euro Stoxx 50 and Hang Seng China Enterprises Index suggest they have risen too far too fast, something that may signal a reversal is on the horizon, if not imminent, said JPMorgan’s global market strategist Nikolaos Panigirtzoglou. >>>>> Ok we got a problem. I have not studied European stocks since three threads ago when I had Rolls Royce @$1.. look it up now. And at that time we had a good deal of European exposure in oil and in water and nuclear... Now nothing and I'm clueless... Does anyone have some European Ideas?
Has Stoney bought Moderna yet?!!!! It is a top VZ 2025 stock pick. Who needs 30 stocks that go up 10% one day and drop 30% the next(?)... ie Stoney signature picks that come from the front page of SA daily. Just buy one... and ride the VZ "wave." There are dozens of children here that have lost it all and know exactly about to which I refer. We're already up over 10%.
HEY STONEY!!!! --->Legal Zoom A stock you'll never hear about, let alone grace us with after all the big dogs chime in from your second hand, stale as last week's bread for the real playas, Stoney picks. No... it's another VZ deep dive into current trends plus a solid analysis of the books.... which GBA readers know only I can deliver. The stuff that the morning GBA readers will never read on SA until the big move has been made... like all the Stoney picks... the stuff value hunters searching for the next big move in current trends, and 100+ AI models are so desperately seeking to own and control the IP of... lands face up in the ongoing VZ list of winner after winner stock picks. OUR NUMBER 2 STOCK PICK OF 2025---> Legal Zoom $8.60 Huge balls attached.
$5 a year from now. Which is still overvalued, without me even looking. Bookmark the post folks. You're batting zero on this one, and it's only going to get worse. Another classic Stoney story stock. More to follow.
No wonder I have 20+ emails begging me not to leave ET. Stoney... you're the worst market predictor of all time. ~case closed.
Sorry Vz I have to use the Sandbox method with you. I have been instructed to use the Lumen handbook which I have. Your first lesson will be later today. Look now every washed up drunk is doing it- AP News Steve Bannon is accused of doing a ... [paste:font size="4"] Nexus Project We'll Never Surrender': Steve Bannon ... 3 days ago The Independent Did Steve Bannon flash a Nazi salute at ... 16 hours ago